Key Points
The Securities Appellate Tribunal (SAT) on Tuesday reserved its order in applications filed by Subhash Chandra and his son Punit Goenka to challenge the capital market regulators interim order that restrained them from holding any directorship or key managerial positions in listed entities...
On June 19, the counsel for Zee Entertainment Enterprises said the market regulator had no evidence beyond the bank statements to prove the allegations of round-tripping of funds and that Sebi cannot pass an ex-parte order...
"In the instant case, we have a situation before us where the Chairman Emeritus and the Managing Director and CEO of this large listed company are involved in a myriad of different schemes and transactions through which vast amounts of public money belonging to listed companies are diverted to private entities owned and controlled by these persons," Sebi said in its affidavit to SAT...
The merger between ZEE Entertainment and the Indian unit of Japan's Sony will go through, "whether or not" he is the CEO of the merged company, Punit Goenka told the Economic Times in an interview...
The India markets regulator has imposed a one-year ban on Zee Entertainment's Chairman Subhash Chandra and CEO Goenka for being actively involved in diverting company funds to the group's related entities, raising questions on the future of the Zee-Sony merger...
You might be interested in
Zee-Sony Merger: SAT to hear matter on June 26
19, Jun, 23SAT on Friday refused to give any interim relief to Essel Group chairman Subash Chandra and his son Punit Goenka after the markets regulator barred them from holding the position of a director or key managerial personnel in any listed company or allegedly siphoning off funds of ZEEL. Following this, they challenged the Sebi order at SAT.
SAT dismisses Zee’s Subhash Chandra, Punit Goenka’s appeal against SEBI order
10, Jul, 23The Securities and Exchange Board of India's (Sebi) had restrained the duo on June 12 from holding any managerial or directorship position in listed entities on account of alleged fund diversion.
Relief for Zee’s Punit Goenka as SAT sets aside Sebi order
30, Oct, 23The SAT’s decision to overturn the Sebi's interim order appears to pave the way for the completion of the merger between Zee Entertainment and Sony Pictures India.
Sebi finds $241 mn ‘missing’ from Zee's accounts, Subhash Chandra, Punit Goenka asked to explain
21, Feb, 24Sebi’s latest findings add to Goenka’s woes, as the Zee CEO tries to reassure investors after its $10 billion merger plan with Sony fell apart. The transaction, two years in the making, was terminated in January after a months-long stalemate on who’ll lead the new entity.
Sebi bars Chandra, son Punit from holding key posts
12, Jun, 23The interim order has come at a time when the company is seeking regulatory approvals for a merger with Sony Pictures Networks India
ZEE Row: SAT defers hearing on Subhash Chandra, Punit Goenka's appeal till tomorrow
26, Jun, 23On June 19, the SAT had refused to give any interim relief to Chandra and Goenka after the markets regulator barred them from holding the position of a director or key managerial personnel in any listed company or allegedly siphoning off funds of the media firm.
SAT refuses interim relief to Zee's Punit Goenka in SEBI case, next hearing on Sept 8
30, Aug, 23The Securities Appellate Tribunal (SAT) on Wednesday refused to provide an interim relief to Punit Goenka, former chief of Zee Entertainment Enterprises Ltd, in Zee-SEBI case, reported ET NOW. It has given time to markets regulator, SEBI, till September 4, 2023, to file a reply on the matter. The next hearing has been scheduled for September 8, 2023.
SAT gives relief to Punit Goenka, sets aside SEBI order barring him from holding board seats
30, Oct, 23The Securities Appellate Tribunal has overturned the decision made by SEBI, which had imposed a one-year ban on Zee Entertainment's CEO, Punit Goenka, preventing him from serving on the boards of listed companies. This likely paves the way for the completion of the merger between Zee-Sony, creating a $10 billion media entity in the country.
Zee Entertainment refutes report of Rs 2,000 cr accounting gaffe, says it is 'false'
21, Feb, 24Zee Entertainment denies media reports of a $240 million 'accounting hole,' calling them incorrect and false. The embattled Indian broadcaster asserts cooperation with SEBI and states they are addressing comments requested. SEBI reportedly uncovers a potential diversion of around Rs 2,000 crore, ten times higher than initial estimates, according to Bloomberg News sources
Working towards completing merger deal with Sony: ZEEL
29, Nov, 23Zee Entertainment Enterprises has reaffirmed its commitment to completing the planned merger with Culver Max Entertainment, Sony Group Corporation's media unit in India. Responding to stock exchanges, ZEEL stated that it is actively working towards the successful closure of the merger, dismissing as factually inaccurate a Bloomberg article suggesting potential obstacles to the deal.